Investor Presentation

UGE has experienced significant growth in under- construction and operating assets. 18 16 14 12 2006 NO 10 8 6 4 2 0 February 2022 Assets in Deployment (MW) Operating Portfolio (MW) 6.6MW projected for end of February 7.0 6.0 5.0 4.0 3.0 2.0 10 1.0 5.6MW February 2024 0.0 February 2022 February 2024 Reduction from Q4 2023 to February 2024 due to movement of two projects out of Deployment into Operating Portfolio • Over 6x growth in operating portfolio in two years UGE TSXV: UGE | OTCQB: UGEIF 13

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